Sipu Jha
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday on the back of strong domestic news flow and global cues. While Nifty50 was above 24,900, BSE Sensex was near 81,500. At 9:25 AM, Nifty50 was trading at 24,928.35, up 51 points or 0.21%. BSE Sensex was at 81,501.87, up 228 points or 0.28%.Siddhartha Khemka, Head of Research at Wealth Management, Motilal Oswal, says, “A mix of policy reforms (GST 2.0), an upgrade in sovereign ratings, possible tariff relief, stimulus from the RBI and government, increased consumption due to the monsoon, and festive demand could lead to a strong recovery in corporate earnings in the second half of FY26. Therefore, we remain optimistic about Indian equities for the next 6-9 months.“On Monday, Wall Street’s main indexes closed nearly unchanged after struggling to find direction. Investors were waiting for corporate earnings reports from major retailers for more insights into the economy and the Federal Reserve’s annual symposium in Jackson Hole.Asian markets were mixed at the start of trading, following a largely unchanged close for the S&P 500. Oil prices declined in early Asian trading on Tuesday as the market considered upcoming discussions between Russia, Ukraine, and the US aimed at ending the conflict in Ukraine, potentially lifting sanctions on Russian oil.Gold prices remained largely unchanged on Tuesday as investors focused on the Federal Reserve’s upcoming Jackson Hole meeting, which may offer clues about future US interest rate policies.On Monday, foreign portfolio investors sold shares worth Rs 551 crore, while domestic institutional investors were net buyers, purchasing shares worth Rs 4,104 crore.(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
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